Shake Shack Cl A saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 93 the day before.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Shake Shack Cl A broke out earlier, but has fallen back below the prior 139.89 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form.
One weak spot is the company's 60 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company reported 8% EPS growth. Top line growth came in at 10%, down from 15% in the previous quarter.
Shake Shack Cl A earns the No. 3 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
